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Newsletter 74 - 20/05/2016
market means that NPLs could be sold by banks, with the exception of mortgages on primary residences... prevents any repossession of primary residences with an “objective” property valuation of up... and distressed debt funds licensed by the central Bank of Greece. Under these circumstances Greek banks
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Government hopes new affordable homes bill can help alleviate housing pressure
PoliticsGreek PoliticsAthens 3,222 (+7.4), and Central Athens 2,317 (+11.8). In Thessaloniki, the average asking price rose by 12.5 pct to 2,558. This year the national average asking rent in Central Athens is 11.15 euros... speculative buying, particularly in central Athens, where entire apartment blocks have been converted
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Working-class homes or millionaires' mansions - what's going under the hammer in property auctions?
EconomyFeaturesOn Wednesday 21 March, a familiar scene played out outside the offices of a notary in central... primary residences from being included in auction schedules. According to a statement to Parliament... million euros), a factory (3.3 million euros), a school complex (2.9 million euros), a luxury residence
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Main residence draft law shows signs of compromise in several areas
EconomyProgrammeAfter weeks of back-and-forth with the institutions, the Greek government submitted to Parliament late on Tuesday the main part of the draft legislation relating to primary residences. The details of the new framework suggest that Athens has compromised in several areas, while retaining some
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Central government debt edges down to 321 bln in Q1
EconomyGreece’s central government debt eased to 321.01 billion euros in the first quarter (Q1) of 2016... of December and currently make up more than 68 percent of central government debt. The bulk of FSM... by the ECB (SMP programme) and the European Central Banks (ANFAs) stand at 20.3 billion. T-Bills
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Greece stands on fault line between vicious and virtuous cycles for 2016
Agoralinked to primary residences. These are combined with the drawing up of a Medium Term Fiscal... of central cash management that will include all state owned and associated enterprises. As much... austerity measures in 2017 and possibly 2018, and place loans linked to primary residences
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Censure motion voted down, prompting government and opposition to claim victory
PoliticsGreek Politics-disguised attempt to allow Greek banks to snatch primary residences from the hands of borrowers who have... the way of the protection of primary residences, initially put in place in 2010 in the form... irrelevant to the central issue, but of high political significance nevertheless. These included
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Newsletter 49 - 30/10/2015
residences from foreclosure, VAT on private education and pharmacy ownership. On the foreclosures front... chance of winning: Current leader Evangelos Meimarakis and Central Macedonia Governor Apostolos... Central Bank shows that Greeks lost on average 16,909 euros per person in the four years from 2009
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Foreclosure bill undergoing final adjustments to satisfy creditors
EconomyProgrammeof the draft law for the protection of primary residences from foreclosure so the bill can be tabled in Parliament and voted on this week, ahead of Monday’s Eurogroup. Officials from the central bank... Central Bank on what kind of impact it believes the proposed system will have. The key areas
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Fifth post-MoU review concludes successfully, EC highlights public investment, NPLs as areas of concern
EconomyProgrammeof releasing central bank profits from the SMP and ANFA holdings twice a year. The end of year goals... and the lowering of the fiscal targets up to 2022. Decisions on central bank profits are expected in June...-judicial settlements. The report highlights that the current scheme that protects primary residences via
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